The ABC Workers’ Comp Trust recently announced impressive financial results.

At its Annual Meeting held on June 2, Trust Members received more than $675,000 in dividends based on results through year-end 2009. Put another way, Members’ 2010 workers’ compensation premiums are reduced by 31 percent!!!

In addition, Trust assets now exceed $5.9 million with an additional $1.6 million scheduled to be distributed to Members during the next few years.

The Trust focuses on reducing workplace accidents and aggressive claims management to decrease the cost of workers’ compensation. Successful financial performance is generated by lowering claims costs, aggressive expense control, and investment income.

According to the New Hampshire Department of Labor, self-insurers consistently outperform the insured market with safer workplaces and lower costs. Successful self-insurers view their premiums as an investment, rather than an expense. For example, the Trust invests more than six times the insurance industry average in loss control services. Trust Members received nearly 500 job site inspections in 2009, or an average of 18 on-site inspections for each Member. In addition, Monthly Safety Committee meetings enable Members to receive cost-effective safety training, share valuable experiences with like-minded companies, and benefit from the collective resources of the Group.

The ABC Workers’ Comp Trust was formed in 1994 in response to the rapidly rising cost of workers’ compensation insurance. The Trust provides coverage to Members representing more than $46 million of payroll. For information on how you and your company can benefit by Membership in the Trust, contact the ABC office at 603-226-4789.